87
87
Oct 2, 2012
10/12
by
CNBC
tv
eye 87
favorite 0
quote 0
the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively befor
the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether...
100
100
Oct 26, 2012
10/12
by
CNBC
tv
eye 100
favorite 0
quote 0
when the europeans said the u.s. couldn't find woodworkers as good and europe, they found them in ohio. this boat was an extraordinary experiment and it worked well. now that it is done, it is for sale. let's find out from the seller. >> it would be someone who appreciates top quality, who appreciates the interior work. the inteen yore of this boat is exceptional. >> reporter: the sale price for this boat is $195 million. but what's exciting is that once "cakewalk" showed what it could show, proved what it can prove, that americans can do it, too, more and more boat owners are asking that their boats be made in the usa. more of these boats could have the "made in usa" stamp in the next few years. back to you. is there robert, hopefully a nice american made billionaire will anteup up that $195 billi. >> let's hope you can change the name if you buy it though, sue. >>> if you really want to know the health of the economy you should just ignore earnings reports and pay more attention to the consumer, say some. as we hea
when the europeans said the u.s. couldn't find woodworkers as good and europe, they found them in ohio. this boat was an extraordinary experiment and it worked well. now that it is done, it is for sale. let's find out from the seller. >> it would be someone who appreciates top quality, who appreciates the interior work. the inteen yore of this boat is exceptional. >> reporter: the sale price for this boat is $195 million. but what's exciting is that once "cakewalk" showed...
101
101
Oct 25, 2012
10/12
by
CNBC
tv
eye 101
favorite 0
quote 0
plus, as you say, we have a lot of u.s. corporations that are just u.s. corporations that are doing better, mortgage companies, et cetera, that are just sew soly start doing bette. but if we don't start creating jobs in the u.s., pumping debt into mortgages isn't going to work. >> talk about the deal making environment. you would think, given the way the market is performing, this would be a good time to do deals. >> they're not doing it. people just aren't doing it. buffett said the other day he missed two $20 billion deals but can't wait to do deals. so why isn't he doing it? you just don't see deals being announced. someone said to me this morning, steve winn announced a special dividend. people think yahoo!'s likely to do that. instead of spending all this cash they have, maybe they'll give it to shareholders but they're not doing deals. partly because of europe. partly because of the turmoil in the middle east. partly because of slowdown in china. you don't want to be buying a company that's international and not know what's going to happen to you. s
plus, as you say, we have a lot of u.s. corporations that are just u.s. corporations that are doing better, mortgage companies, et cetera, that are just sew soly start doing bette. but if we don't start creating jobs in the u.s., pumping debt into mortgages isn't going to work. >> talk about the deal making environment. you would think, given the way the market is performing, this would be a good time to do deals. >> they're not doing it. people just aren't doing it. buffett said...
202
202
Oct 15, 2012
10/12
by
CNBC
tv
eye 202
favorite 0
quote 0
>> consumer spending is 70% of u.s. gdp and the luxury good segment is projected to continue to grow, albeit at a lower space. it is the third straight double digit increase for luxury goods though the rate of growth has slowed for that time period. accessories are winning increased consumer attention around the world and for the first time leather goods and shoes hold the largest percentage of the luxury market. one of the companies benefiting lbmh reporting record revenues for the first nine months of 2012. the wolrld's leading luxury company remains confident in its outlook. while europe is still the region drawing the highest revenue for luxury, according to bain its growth is forecast to be half what it was last year as the region lirmps through the debt crisis. bain projects luxury sales in asia pacific will outpace the rest of the world by 18%. 1 in 4 luxury goods purchased is by asians. >>> sprint reaching a $20 billion deal to sell of half of itself to softbank. that move will now give sprint more firepower to
>> consumer spending is 70% of u.s. gdp and the luxury good segment is projected to continue to grow, albeit at a lower space. it is the third straight double digit increase for luxury goods though the rate of growth has slowed for that time period. accessories are winning increased consumer attention around the world and for the first time leather goods and shoes hold the largest percentage of the luxury market. one of the companies benefiting lbmh reporting record revenues for the first...
160
160
Oct 19, 2012
10/12
by
CNBC
tv
eye 160
favorite 0
quote 0
in four years you should the obama administration policy the u.s. has gone to laggard to leader. >> you're saying if you have to have a problem, this is a good one to have. >> indeed. >> we have a seen sprint do some deals. they're buying clearwire. is that the way, absent of the auctions, in your opinion, that companies are going to be able to get spectrum bandwith absent of the creation of new bandwidth? >> the main thing we have to do is free up new spectrum to mobile broadband. we are doing that through creative ideas. secondary market transactions are part of the mix. i can't comment on any specific transaction -- >> of course. >> -- but we need to do everything to drive more efficiency out of our spectrum band to see more technological advances. >> technology has been such an interesting part of the economy and the sell-offs that we've seen in the last couple of days aside, it seems to also highlight the two tiers that we have in the economy, the older economy, the manufacturing base of the economy, and the technology based economy. give me yo
in four years you should the obama administration policy the u.s. has gone to laggard to leader. >> you're saying if you have to have a problem, this is a good one to have. >> indeed. >> we have a seen sprint do some deals. they're buying clearwire. is that the way, absent of the auctions, in your opinion, that companies are going to be able to get spectrum bandwith absent of the creation of new bandwidth? >> the main thing we have to do is free up new spectrum to mobile...
110
110
Oct 1, 2012
10/12
by
CNBC
tv
eye 110
favorite 0
quote 0
over the subsequent months, the u.s. banks went out and raised several hundred billion dollars of new private capital and since that time, of course there's still difficulties in credit markets and lending standards are still tight in some areas. lending has shown rig amount si amount of recovery and banks are back providing credit to the economy. those are some of the things we've learned. but again, i don't want to in any way argue that the japanese were facing anything other than an extraordinary situation. as i said, they were hit initially by a shock that was roughly twits size what have we experienced. >> mr. chairman, this is a city where the ideas of milton friedman continue to get a lot of attention. one of our questions via twitter asks how you think milton friedman might have viewed the federal reserve's evolving role over the last five years. >> i think milton friedman -- i'm a very big fan of milton friedman. i knew friedman for a very long time. i was a colleague of his for a while at stanford. i've had man
over the subsequent months, the u.s. banks went out and raised several hundred billion dollars of new private capital and since that time, of course there's still difficulties in credit markets and lending standards are still tight in some areas. lending has shown rig amount si amount of recovery and banks are back providing credit to the economy. those are some of the things we've learned. but again, i don't want to in any way argue that the japanese were facing anything other than an...
141
141
Oct 17, 2012
10/12
by
CNBC
tv
eye 141
favorite 0
quote 0
that's ahead. >>> plus the u.s. post office hitting its $15 billion borrowing limit for the first time ever. are the price of stamps about to surge? do we even need mail anymore? so many questions. >>> and as we head out, what's moving today? mastercard and visa both hitting new all-time highs. >>> mcdonald's suing the city of milan for $32 million after it was evicted from the galilee of million in annual sales. shares of mcdonald's down slightly today at $93.57. >>> survival is the focus of the power rundown today. cnbc's bob pisani and kayla tausche. the rumble on long island is one headline today after president obama an his republican opponent, mitt romney, traded jabs. did you watch it last night? a tense and testy debate, for sure. was this the big fight that everyone expected and who won? ladies first. >> i think they call it strong island for a reason. there was a strong arming last night. long of strong words. the body language was a little too hot for me to handle at times when romney was listening. you c
that's ahead. >>> plus the u.s. post office hitting its $15 billion borrowing limit for the first time ever. are the price of stamps about to surge? do we even need mail anymore? so many questions. >>> and as we head out, what's moving today? mastercard and visa both hitting new all-time highs. >>> mcdonald's suing the city of milan for $32 million after it was evicted from the galilee of million in annual sales. shares of mcdonald's down slightly today at $93.57....
117
117
Oct 8, 2012
10/12
by
CNBC
tv
eye 117
favorite 0
quote 0
seems like u.s. equities are the place for long term. >> overall, matt, do you like the market or since we touched five-year highs last week it is maybe time for a pullback? >> i would expect a pullback. maybe we could get a re-entry point than a little bit and chasing the market.
seems like u.s. equities are the place for long term. >> overall, matt, do you like the market or since we touched five-year highs last week it is maybe time for a pullback? >> i would expect a pullback. maybe we could get a re-entry point than a little bit and chasing the market.
98
98
Oct 24, 2012
10/12
by
CNBC
tv
eye 98
favorite 0
quote 0
according to the civil suit filed by a manhattan u.s. attorney, as the housing market was beginning to collapse in 2007, country wide launched a program code name hustle to crank out new mortgages as fast as they could and sell them as fast as they could to fannie mae and freddie mac. bank of america of course took over countrywide in july 2008. the suit says by then b of a knew about operation "hustle," and even to an extent helped keep it going. the suit says the bank would not buy the faud lent mortgages back from fannie mae and freddie mac essentially leaving the taxpayers stuck with them. the suit notes in 201, bank the america's ceo was quoted as saying, at the end of the day, we'll pay for the things countrywide did. now the justice department is demanding b of a do just that, it is a $1 billion civil suit. we have reached out to bank of america for a comment. we're still awaiting to hear back. of course this whole idea of suing a bank over the sins of a former bank has been criticized by house financial services committee ranking
according to the civil suit filed by a manhattan u.s. attorney, as the housing market was beginning to collapse in 2007, country wide launched a program code name hustle to crank out new mortgages as fast as they could and sell them as fast as they could to fannie mae and freddie mac. bank of america of course took over countrywide in july 2008. the suit says by then b of a knew about operation "hustle," and even to an extent helped keep it going. the suit says the bank would not buy...
128
128
Oct 3, 2012
10/12
by
CNBC
tv
eye 128
favorite 0
quote 0
we believe in the growth of the u.s. market. this market is so much more growing and profitable than european markets. they're in this deal very excited. but what it also does is when we need to respond, we can go and we can tab debt markets, we can tap equity markets to position ourselves, continue to grow in this great space. it gives us a lot of possibilities an as a great growth stock we think it is going to give investors another alternative and amongst other things, consumers who have been waiting to do business with t-mobile, the network is here. we're here. come on over. it's time. >> mr. ledg >> mr. legere, you've been on the job about a month. you've been a busy man. >>> goldman sachs getting a bid in today's trade. susquehanna raising its third and fourth quarter estimates saying goldman is well positioned for an increase in mortgage trading activity as the fed's qe3 gets going. shares up .5%. >>> as you all know, tonight is the first presidential debate. which issue are you hoping the candidates will focus on? go to
we believe in the growth of the u.s. market. this market is so much more growing and profitable than european markets. they're in this deal very excited. but what it also does is when we need to respond, we can go and we can tab debt markets, we can tap equity markets to position ourselves, continue to grow in this great space. it gives us a lot of possibilities an as a great growth stock we think it is going to give investors another alternative and amongst other things, consumers who have...
98
98
Oct 10, 2012
10/12
by
CNBC
tv
eye 98
favorite 0
quote 0
toyota here in the u.s. you see, gm, a quarter million in the u.s., and honda almost 200,000 here in the u.s. we've had a slew of these problems with window switches. as we look at shares of all of three, you can see all of them have been trending lower offense the last couple of weeks. tyler, just the sheer number hear -- 7.4 million worldwide. you'd think this is huge for toyota. it is going to cost them a little over $100 million to repair but their damage to the reputation is much greater. >> it was not all that long ago, of course, phil, that toyota and lexus went through massive recalls with the acceleration problems that were identified. how much damage does this now second very large recall do to toyota's reputation for quality? >> not as much. it certainly doesn't help but not as much because this is not a case where people are being told don't drive a particular vehicle, or don't buy a particular vehicle. but clearly when people are in the market looking for a vehicle, any time you hear headlines w
toyota here in the u.s. you see, gm, a quarter million in the u.s., and honda almost 200,000 here in the u.s. we've had a slew of these problems with window switches. as we look at shares of all of three, you can see all of them have been trending lower offense the last couple of weeks. tyler, just the sheer number hear -- 7.4 million worldwide. you'd think this is huge for toyota. it is going to cost them a little over $100 million to repair but their damage to the reputation is much greater....
125
125
Oct 11, 2012
10/12
by
CNBC
tv
eye 125
favorite 0
quote 0
well overall i would say the u.s. -- you picked a very good choice there. u.s. very happy. we decided on a policy two years ago to open retail stores there. we had a fabulous presence there. i think overall with olympics we just had london which was very well viewed here in the states. i think we're on the right track. i feel that in america there is a certain resurgence in optimism. i won't go so far saying luxury spree spending but certain optimism, definitely. >> how about europe and then asia? >> europe is a little bit of a mixed bag. the uk which on paper is going through a bad time where business is very buoyant. not just london for tourists but across the country. obviously the big cities that are visited by our asian and even i would say south america and russia and middle east and france like paris, geneva, london, rome, i think the business is very buoyant. overall, omega is situated pricewise, our level, we are very, very happy. >> robert frank, i'm a proud omega wearer myself. but a quick question. they did so the surveys in china. they're saying that half of th
well overall i would say the u.s. -- you picked a very good choice there. u.s. very happy. we decided on a policy two years ago to open retail stores there. we had a fabulous presence there. i think overall with olympics we just had london which was very well viewed here in the states. i think we're on the right track. i feel that in america there is a certain resurgence in optimism. i won't go so far saying luxury spree spending but certain optimism, definitely. >> how about europe and...
85
85
Oct 23, 2012
10/12
by
CNBC
tv
eye 85
favorite 0
quote 0
all in the same boat with the economic uncertainty. >> a lot of u.s. infrastructure held together with scotch tape though, right? jeff killburg, thank you very much. >>> correction protection, how do you trade a big down day like this? don't make a move until we show you how. >>> and fears about corporate profits sinking the markets. there you see t ben bernanke has been meeting with policymakers to talk about the state of the economy. and we will talk with the former fed chief alan greenspan in just a couple of moments about what he would see on the economy, housing, jobs and more. we will be right back. >>> welcome back to "power lunch," i'm brian sullivan. apple stock continuing to tick higher throughout the day. at 629.30 when this convenient behind me began it is nearly two bucks up. in fact it is about two bucks higher than it was. we do have the announcement of a new mini. as of yet, it is the not the new ipad mini. tim cook, the ceo announcing a new version of the mack mini, a computer but you got to bring your own keyboard and monitor for. we
all in the same boat with the economic uncertainty. >> a lot of u.s. infrastructure held together with scotch tape though, right? jeff killburg, thank you very much. >>> correction protection, how do you trade a big down day like this? don't make a move until we show you how. >>> and fears about corporate profits sinking the markets. there you see t ben bernanke has been meeting with policymakers to talk about the state of the economy. and we will talk with the former...
95
95
Oct 31, 2012
10/12
by
CNBC
tv
eye 95
favorite 0
quote 0
and three u.s. navy helicopter carrier ships have been dispatched to the new york area to help with recovery efforts. 20,000 people, including one of our producers, remains stranded in hoboken due to massive flooding there. this is just the latest video from that town. it's just west of new york city, home to many people who work on wall street. at one time, the former governor of this state, jon corzine and the quarterback of the new york giants, eli manning, they lived there. on a good day, this is five minutes from manhattan. this is not one of the good days. >>> mass transit still pretty much paralyzed in the new york area. looking at video now of the south ferry station. that is not far from wall street. if you've been down in to the toe of manhattan there, you've probably ridden on that line to go to the new york stock exchange. new york governor mario cuomo said a few moments ago that -- andrew cuomo -- excuse me -- that there will be limited subway service tomorrow. we hope to get more infor
and three u.s. navy helicopter carrier ships have been dispatched to the new york area to help with recovery efforts. 20,000 people, including one of our producers, remains stranded in hoboken due to massive flooding there. this is just the latest video from that town. it's just west of new york city, home to many people who work on wall street. at one time, the former governor of this state, jon corzine and the quarterback of the new york giants, eli manning, they lived there. on a good day,...
124
124
Oct 5, 2012
10/12
by
CNBC
tv
eye 124
favorite 0
quote 0
but imagine this -- what if the u.s. started running low on gasoline? in parts of car crazy, california, my old home, that's become a reality and prices are indeed soaring. jane wells is live in calabasas for us. hi, jane. >> reporter: you know the kardashians moved to calabasas so i'm just going to blame this on them. earlier we were at a gas station in northridge where it was only $4.42 a gallon -- only. they were lined up. here? not so many cars. we're real lly pressing the mart here. could we see gas reach $6 a gallon? people have been making a run on fuel, some stations shut down due to a lack of supply. seems to be concentrated in southern california mostly. the problems are hidden with refineries just at the same time that in california and only in california we're switching over from a special summer blend of gasoline to a special winter blend of california gasoline, and prices have shot up a record 20 cents in the last 24 hours. >> people are suffering. the unemployment is out. everybody's complaining and they complaining us. they are not compl
but imagine this -- what if the u.s. started running low on gasoline? in parts of car crazy, california, my old home, that's become a reality and prices are indeed soaring. jane wells is live in calabasas for us. hi, jane. >> reporter: you know the kardashians moved to calabasas so i'm just going to blame this on them. earlier we were at a gas station in northridge where it was only $4.42 a gallon -- only. they were lined up. here? not so many cars. we're real lly pressing the mart here....
85
85
Oct 22, 2012
10/12
by
CNBC
tv
eye 85
favorite 0
quote 0
. >>> the big three u.s. carmakers have always relied on the american consumer to keep changing models every couple of years. well, don't bet on it now, detroit. new numbers that are raising some fears. >>> and as we head out, the dow is down 54 points. some of the big monday movers on "power lunch" include a 17% move in cascade and a 2.33% decline in advanced micro. [ male announcer ] zeebox is the free app that makes watching tv even better. if your tv were a slow running teenager, zeebox would be a horror movie monster. together they'd create heart-pounding magic... ahhhhhhhh, i fell over. grooaaaaaarrrr! [ screams ] ...that would forever bring couples closer on couches. download zeebox free, and go... grooaaaarrr! ...when you watch tv. >>> welcome back to "power lunch." dominion resources ticker d planning to shut down one of its plants in wisconsin in the second quarter of 2013. this would be the first nuclear plant to fall victim to that steep rise in power prices that we've been seeing especially as na
. >>> the big three u.s. carmakers have always relied on the american consumer to keep changing models every couple of years. well, don't bet on it now, detroit. new numbers that are raising some fears. >>> and as we head out, the dow is down 54 points. some of the big monday movers on "power lunch" include a 17% move in cascade and a 2.33% decline in advanced micro. [ male announcer ] zeebox is the free app that makes watching tv even better. if your tv were a slow...
153
153
Oct 9, 2012
10/12
by
CNBC
tv
eye 153
favorite 0
quote 0
the name of the judge, the name of the assistant u.s. attorney not released by authorities, again, this undercover murder-for-hire plot broken up by federal authorities in brooklyn. simon, back to you. >> wow, scott, thank you for that breaking news there. >>> let's get to analyze the analysts, i'm here at the nyse with matt chess lock, kick off with goldman sachs. welcome to the program. goldman sachs downgrading johnson & johnson to sell today from a price target of $72, which is virtually where we are trading. they say although j & j has potential for improved growth, we believe that is captured in valuation. talking about a derth of products in the pipeline. would you agree? >> the stock range-brown from 61 to 69. price target to 72 is right in line. i would agree with that johnson & johnson can overcome anything they want, spending money. saving on r&d having a drug in the pipeline the next five years. >> doesn't do you good if you were a share holder? would you sell? >> better alternatives out there, probably a little negative on t
the name of the judge, the name of the assistant u.s. attorney not released by authorities, again, this undercover murder-for-hire plot broken up by federal authorities in brooklyn. simon, back to you. >> wow, scott, thank you for that breaking news there. >>> let's get to analyze the analysts, i'm here at the nyse with matt chess lock, kick off with goldman sachs. welcome to the program. goldman sachs downgrading johnson & johnson to sell today from a price target of $72,...
88
88
Oct 12, 2012
10/12
by
CNBC
tv
eye 88
favorite 0
quote 0
that's u.s. gypsum and eagle materials. also flooring company stocks up 124%. that's your lumber liquidators and armstrong world industries. equipment rentals are up 76%. then there is the unexpected plays like those that are big into land which are up 56%. that's the st. joe company, the howard hughes corp., for rester group. or perhaps in the mortgage category. ellie mae is already up 405% going public last year. opportunities are vast. that is of course if you believe in this coming housing boom and if you want more stocks, details, they're all up on the charts on the blog. >> i can't decide whether i like ellie mae better than fancy back splashes. i love them both. beverly hillbillies. >>> dimon says housing has turned a corner. we want to ask you what you think. our yahoo! finance poll -- do you agree the boom is back? do you say not quite? it's improving where i live but not there yet? or third -- forget it, it's still a mess. we'll give you the results later on "power lunch." >>> let's get back to the bank earnings. the bottom line for some of these comp
that's u.s. gypsum and eagle materials. also flooring company stocks up 124%. that's your lumber liquidators and armstrong world industries. equipment rentals are up 76%. then there is the unexpected plays like those that are big into land which are up 56%. that's the st. joe company, the howard hughes corp., for rester group. or perhaps in the mortgage category. ellie mae is already up 405% going public last year. opportunities are vast. that is of course if you believe in this coming housing...
183
183
Oct 29, 2012
10/12
by
CNBC
tv
eye 183
favorite 0
quote 0
the u.s. markets are going to be closed again tomorrow. cnbc's continuing coverage of hurricane sandy returns after this. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. (blowi
the u.s. markets are going to be closed again tomorrow. cnbc's continuing coverage of hurricane sandy returns after this. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide...
146
146
Oct 4, 2012
10/12
by
CNBC
tv
eye 146
favorite 0
quote 0
we're also looking at supply issues in the u.s. with more supply here making the fact that we are seeing lower prices year to date, or at least a decline, versus what we see with the brent crude contract. tyler, back to you. >> i'll take it, thank you, sharon and ty. >>> so we've laid out a lot of scenarios. with all of this in mind, how do you actually play the energy sector right now? president of oil outlooks and opinions is bullish on crude and carl joins me now on the floor of the nyse. michelle made some pretty compelling arguments about why oil should go lower. you're still bullish though. why? >> we're nowhere near the numbers we saw in '06 and '08. if we can get qe3 going, that demand is going to meet what supply we have and probably outpace at some point. >> a lot of people down here feel as though qe3 may do a little bit to help the economy, but that with every quantitative easing we've seen less impact in the economy. it doesn't sound like you quite buy that. >> i mean historically last time we had double digit unemploy
we're also looking at supply issues in the u.s. with more supply here making the fact that we are seeing lower prices year to date, or at least a decline, versus what we see with the brent crude contract. tyler, back to you. >> i'll take it, thank you, sharon and ty. >>> so we've laid out a lot of scenarios. with all of this in mind, how do you actually play the energy sector right now? president of oil outlooks and opinions is bullish on crude and carl joins me now on the floor...
93
93
Oct 30, 2012
10/12
by
CNBC
tv
eye 93
favorite 0
quote 0
that affects about 20% of the retailers in the u.s. so i would expect to see 2 or 3% decrease based on some reporting that citigroup is going to do same-store sales for november. >> wow. paul, thank you very much. appreciate it. >> all right. >> okay, back to you, ty. >>> nearly 8.5 million people on the east coast without power now. the aftermath of the storm, what is the impact on retail sales? paul and sue just talked a little bit about it. is this pretty asch loss give than is one of the big weeks of sales outside of christmas, the prehalloween week? let's ask a member of forester research. you talked in some notes about what this could mean to halloween sales, do you agree with paul that this could really just sort of wipe out this first week of november? >> well, i think that that could be a little bit of an exaggeration because truth is that retailers are pretty resilient there are going to be store closures and electricity and power issues that affect consumers but that primarily effects in our estimate, about anywhere from 10
that affects about 20% of the retailers in the u.s. so i would expect to see 2 or 3% decrease based on some reporting that citigroup is going to do same-store sales for november. >> wow. paul, thank you very much. appreciate it. >> all right. >> okay, back to you, ty. >>> nearly 8.5 million people on the east coast without power now. the aftermath of the storm, what is the impact on retail sales? paul and sue just talked a little bit about it. is this pretty asch loss...